Do you like markets? Well, whether you like them or not, they’re pretty effective in most cases. The ability for two people to make an exchange where both feel they leave the exchange better off than prior to the exchange is a powerful thing. It’s a form of democracy. By exchanging money for goods and services, people in markets are essentially voting with their dollars. What sells, producers make more of. What doesn’t sell, producers make less of. What sells, producers try to make better or and/or cheaper than their competitors. Those who make the best/cheapest product do well. […]
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